Bed Bath & Beyond Richmond: Closure and Alternatives

For Richmond shoppers who remember the blue-and-white aisle signs, the disappearance of Bed Bath & Beyond from the local landscape felt abrupt. Two stores that had served Henrico and Chesterfield counties for years were gone by mid-2023, part of a nationwide bankruptcy that wiped out more than 1,500 locations.

Former market value: $14 billion at peak ·
Peak store count: Over 1,500 ·
Bankruptcy filing date: April 23, 2023 ·
Richmond locations closed: 2 ·
New parent company: Overstock.com (now Bed Bath & Beyond)

Six key facts about the Richmond transition, one pattern: the brand’s physical footprint vanished but its name lives on through a digital-only relaunch.

Is there a Bed Bath & Beyond in Richmond, Virginia?

Richmond location status

• No physical Bed Bath & Beyond stores remain in Richmond as of 2024. The two former locations — one in Henrico County at 10050 W. Broad St. and one in Chesterfield County at 11609 Midlothian Turnpike — closed in May 2023.

Closure of Midlothian Turnpike and Broad Street stores

• Both stores were part of the company’s nationwide liquidation. Richmond BizSense reported that the company intended to use Chapter 11 proceedings for a limited sale and marketing process for some or all assets.

The implication: local shoppers lost two convenient destinations and now must adjust their habits.

Do Bed Bath & Beyond still exist?

Bankruptcy and asset sale

• Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on April 23, 2023, and said all stores would be closed by June 30, 2023, unless a buyer changed the plan.
• The filing said its gift cards would be honored until May 8, 2023, and merchandise credits until May 15, 2023.

Overstock.com acquisition and rebranding

• Overstock.com won the bankruptcy auction in June 2023 and bought the Bed Bath & Beyond brand name and intellectual property.
• In 2024, Overstock.com rebranded itself as Bed Bath & Beyond, and the online store relaunched at bedbathandbeyond.com.

The catch: the in-store experience customers relied on no longer exists.

What is the new name of Bed Bath and Beyond?

Overstock.com rebranded as Bed Bath & Beyond

• The brand name remained “Bed Bath & Beyond” after the acquisition. Overstock.com changed its corporate name to Bed Bath & Beyond in 2024.

The online store is now Bed Bath & Beyond

• Visitors to bedbathandbeyond.com now see the former Overstock.com inventory under the Bed Bath & Beyond banner.

What this means: the blue-and-white big box is gone, but the brand name still carries weight online.

What caused the downfall of Bed Bath & Beyond?

Strategic missteps

• The company lost focus on core categories and failed to compete with Amazon and Target. A failed private label strategy, including the “Simply Essential” and “Our Table” lines, alienated core customers.

Online competition

• With the rise of Amazon and Wayfair, Bed Bath & Beyond’s big-box model lost relevance. The retailer’s e-commerce platform lagged behind competitors.

Supply chain issues

• Supply chain disruptions during the pandemic compounded the company’s problems, leading to empty shelves and frustrated customers.

The pattern: each factor reinforced the others, creating a downward spiral management could not reverse.

What store is comparable to Bed Bath & Beyond?

Top alternatives in Richmond

Richmond shoppers have several brick-and-mortar options for home goods, each with a different focus. Three alternatives stand out after the Bed Bath & Beyond closures.

Three major retailers, one pattern: each offers a unique mix of price and selection compared to the old Bed Bath & Beyond.

Online replacements

• Amazon and Wayfair remain the dominant online home goods retailers, offering vast selection and fast shipping.
• The new Bed Bath & Beyond website (formerly Overstock.com) also competes in this space.

The implication: shoppers must decide which trade-offs matter most for their household needs.

Timeline of Bed Bath & Beyond’s decline and Richmond closures

• 1971 – Bed Bath & Beyond founded in Springfield, New Jersey.
• 1990s–2000s – Rapid expansion; peak of 1,500+ stores.
• 2020–2022 – Sales decline, supply chain issues, failed private label strategy.
• April 23, 2023 – Company files for Chapter 11 bankruptcy.
• May 2023 – Richmond-area stores (Midlothian Turnpike and Broad Street) close.
• June 2023 – Overstock.com wins bankruptcy auction for Bed Bath & Beyond brand.
• 2024 – Overstock.com rebrands to Bed Bath & Beyond; online store relaunches.

The pattern: a half-century of retail presence evaporated in months once the bankruptcy process began.

What we know for sure — and what’s still unclear

Confirmed facts

• Richmond stores closed permanently in May 2023.
• Overstock.com acquired the brand and name.
• Online store is operational under the Bed Bath & Beyond name.

What’s unclear

• Whether new physical stores will open in the future — Patch reported in May 2026 that Bed Bath & Beyond would reportedly return to the Richmond area at 11732 W. Broad St. as part of a wider brand comeback through The Container Store.
• If any pop-up or outlet stores will appear in Richmond.
• Exact timeline for potential brick-and-mortar return.
• Whether any physical stores will remain or return nationwide.

“The Richmond-area stores are expected to close in June 2023 as part of the company’s bankruptcy wind-down.”

— WRIC, local Richmond ABC affiliate

“We see strong brand equity in Bed Bath & Beyond and plan to relaunch it as an online-only retailer initially.”

— Overstock.com CEO, as reported by Patch

For Richmond shoppers, the choice is clear: embrace the new online Bed Bath & Beyond, or visit one of the surviving brick-and-mortar alternatives in the area. The old habit of a weekend trip to the blue-and-white big box is gone, but the home goods shopping experience lives on in different forms.

Frequently asked questions